the possible financial. tension of the world's top decision makers as g eight leaders gather right now in the us. anti-government protesters in bahrain faced tear gas at home as iran calls for demonstrations against the country's plans for an official economic and military with saudi arabia . and the syrian regime says al qaeda militants are behind attacks in the country as damascus releases the names of foreign terrorists it claims it has in custody.

a very warm welcome to you from all of us here at r.t. moscow. say the survival of europe's single currency and the shock waves from his possible break up will inevitably dominate a meeting of the world's top eight political heavyweights the g eight leaders are gathering in the u.s. right now that's where they'll also discuss the situation in syria and pulling out troops from afghanistan and the host president obama will also be balancing the small matter of his ongoing election campaign. and he said now reports. there are several challenges for this year's g. eight summit one is facing its host obama has his hands tied with an election coming up in november a lot of focus for him on trying to stay in the white house so he's going to have to balance domestic and international considerations at this camp david summit something that's never easy but even more so when you have voters to please and global leaders to reassure it's always

a difficult thing to do even more difficult during the election he has in one sense to reassure american allies that america has remained strong and committed to the g eight and it has an important role to play at the same time he has to be sensitive to what his constituents in america are thinking about domestic concerns the economy unemployment housing all of the things that remain an issue the obama already told the world that more ready to compromise on global issues after the election given it was by accident in that hot mike sit down with dmitri medvedev but with that incident aside many experts say that it's very unlikely we'll see progress on by lateral issues with russia per se on missile defense or iran's nuclear program in the election year now another challenge facing the group as a whole is the question many are asking does the g. eight format still work it's true that most countries of the world see the g eight

as outdated most countries in the world don't recognize the the singular leadership of the united states and its western european allies so in terms of what might come out of the g eight i think that again substantive policy decisions are unlikely rather this is going to be a much more much more geared towards padding obama's image as the host of the summit and showing the world that obama is this sort of a uniting uniting force rather than the divide. the force that he has seemed to be for the for his first term now in terms of uniting one of the main goals and focus of this summit will be the euro crisis the goal there to try to get the new french president on board with all of the massive austerity cuts that we're seeing throughout europe this is something that european leaders will certainly be looking for obama to try to unite all of them on how to move forward with that but again

a lot of critics think the g. eight is an outdated format and then you have all the speculation as to why president putin didn't come perhaps it's because he doesn't understand how important the g twenty is especially when it comes to the financial turmoil that we're seeing across the world not of course will be held in mexico into reporting from washington and he's now a r t. well the euro zone's debt was getting worse with ratings giant moody's slashing the scores of sixteen spanish banks and greece has to hold this parliament ahead of a new election next month which may well result in an austerity government deciding to quit the euro the british prime minister has seventeen nation eurozone to remain united but the director of the. group says member nations are too different to function as one. the european leaders aren't really doing what's necessary to generate economic growth within the eurozone and within the european union there is

a major problem with the euro but that needs it disorderly dismantling that that's what is required at the problem within the european union and the eurozone is a problem of growth and despair and imbalances caused by germany and we can't have a common say union with many different disparate economies which need different levels of support different interest rates different fiscal policies but germany and the european central bank forcing on countries like greece and spain and italy and portugal as well as other countries such as arland austerity cutbacks coupled with tax why this which of her economic growth economy is already on competitive as a result of being in the euro and they just are now in a major economic depression that's what's happening in those economies with massive levels of unemployment and really no no future something radical that needs to happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment so i don't let's

talk some numbers here and r.t. it's a red across the board of the financial markets today with a possible greek your exit and contagion fears driving laws as a preserver to r.t. business there is dimitri good to see you so what are the numbers are telling us at this hour well you know the fact that spanish and italian bond yields are rising that's nothing to be surprised with but the fact that germany is one of the rising now that's increasingly worrying that the healthiest and largest euro zone economy is also providing some kind of insecurity to investors. also what we're seeing right now over the past two weeks is not just no rebound but no even breathing pause there were definitely in a bear market it's hard to even imagine i both particularly what kind of news could turn it all around while i have borne that out of the way. well but her escalating money troubles are not getting in the way of e.u. bureaucrats plans later in the program here on r t we examine how much cash is just

going down the drain we look at how much it costs to stick a civil servant behind an e.u. desk compared to a chief executive at microsoft. now in iran protests backed by the state have been organized against plans to form a european union style bloc amongst the gulf states two key american allies saudi arabia and bahrain would be the first arab gulf nations to sign an agreement although iran has called the idea of a u.s. backed plot to see bahrain become part of saudi arabia bahrain is seen anti-government protests for more than a year with fears now the potential union could strengthen the position of the sunni rulers over a largely shia population professor mohammad marandi from the university of tehran says it is the saudi royal family along with washington both stand to benefit the most. this is basically for the survival of the dictatorship in

bahrain because the dictatorship the king is immensely unpopular the vast majority of the people of bahrain want of the regime but unfortunately the west supports the saudis and the dictators but what ron is concerned about is that the saudi regime will attempt to annex i mean because the dictator is immensely unpopular here been able to keep control and in order. revolution he allowed saudi forces to effectively occupy the country it's very interesting that the people of bahrain despite all this this small country has put up so much resistance and i think this itself shows there are many weak. yes that lies behind the saudi regime but the iranians believe that the fact that the united states supports the bahraini and saudi dictatorships also makes them responsible

for the both the bloodshed as well as the current situation at large. for an emotion resigned al qaeda linked militants are fighting in the ranks of rebels inside syria this according to government officials to moscow says even released the names of alleged foreign terrorists it claims to have captured twenty are said to be arabs who have confessed to working for al qaeda the little so includes french and british citizens meanwhile washington denies recent reports it's coordinating arms for the syrian opposition through arab gulf states and saudi arabia the rebels say they've recently seen an influx of weapons from abroad meantime the opposition remains split and antiwar activist jim brown says the syrian national council chief stepping down is more proof of that clearly you have an opposition that is and there isn't a single opposition bloc and there are those voices that are clearly calling for an

armed intervention and there are those who are clearly against it and i think. those two tend to be in particular affected in the splits in the opposition the united states has its own very special interest anyway and it would to some extent it would rely on its local allies but on the other hand would never see complete control to them so they would be working in parallel the united states would prefer a regime change. prefer. they would like to eliminate part of opposition to iran. and i don't think that they consider there's a possibility of a favorable outcome if the syrian government remains in power and whatever they say whatever they talk about peace i think that for them that's the that is the bottom line and that is their objective. it's good to have you with us here on r.t.

today are still to come a bit later in the program a change for the worse a look at the crime and chaos egypt's revolution for peaceful democratic change. is. the official of your old touch from the.

video. old girls. and. the palm of your. on the dot com. r.t. is coming to you live from moscow they are on the streets to serve and protect but a rise in fatal police shootings across the united states is leading some americans to wonder where the real danger lies reporting from california. spectators send the small californian courtroom gas but a video off a man lying on the ground screaming they're killing me while being severely beaten by police at first when thirty seven year old schizophrenia sufferer calley follows appeared on corporative the officers gave him a terrifying warning. and i. heard. later in the video you can hear thomas repeated the apologizing to the police and even crying

for his father's how old. they continued their assault with vests and tasers she lost consciousness and died in hospital five days later it sparked a series of protests across california and demanding justice for victims of police brutality yes this was no isolated case while police officers in a neighboring californians it's we are standing trial for the down the county thomas here in downtown l.a. people came on to the streets to remember the first anniversary of rain now there is not will be shooting the killing of dale garrett it's with blood increasingly on the hands of police officers across the country many people here say police are using excessive force far more than necessary dale garrido was shot by an officer twice in the back the police chief insisted the decision to open far fell within the rules but many here find it hard to understand how shooting

a man from behind constitutes self-defense since nine hundred eighty three only one california cop has been convicted with killing on duty after oscar grant was shot dead a new year's day two thousand and nine the auckland officer told his trial that he meant to draw in for his teaser not his gun to a sentence to the minimum two years he was free months. but for. apple police shootings are on the rise across the state the latest just two months ago in the death of unarmed nineteen year old kendrick mcdade shot seven times during the watch turned out to be the false report of froggery community groups aids time the police came under the people's control the laws and the justice system that applies to normal folks working people there's a whole different set of laws and justice that applies to the police i mean there's there's rarely any or any form of justice that's brought to the police that i mean

they make their own laws or they're above the law really cases of police using excessive force happened primarily in poor mainly black neighborhoods but cali thelma's killing in a wealthy middle class town shows the badri suppress violence are shifting and californians one turn a blind eye anymore by the question archie reporting from los angeles california. of course always plenty more stories for you to explore it on t.v. dot com let's have a quick look and see what's waiting for you there right now. in denying the fact of wounding civilians in gaza palestinian doctors claim at least seven and all to reattack. now so warns that almost five thousand asteroids pose a danger but most of the space will continue to fly under the radar those details standing by for you out on sea dot com.

you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

watching r t it's good to have you with us in a moment the world update but for now the new french president's first decision in office was to cut his own pay and the pay of his cabinet by thirty percent or the opposition says with fourteen extra ministers now in office the cost to taxpayers is actually going up a bit splashing the cash for bureaucrats it's nothing new to the e.u. as artists are now reports. good income great working hours generous benefits career growth and essentially a job for life it's no surprise that the tens of thousands of applicants across the european union vie for permanent posts in the e.u. institutions are is one of them i applied because maybe i get the chance to become a star but it's job more secure can transfer to another position of their two years

walking the halls of these buildings are thousands of men and women who run this massive the shimmery the managing the union for five hundred million citizens no doubt requires manpower but so many people are quiet felt were talks players money is concerned it costs between seven thousand and fourteen and a half thousand euros to simply go through the process of hiring one permanent staff is an awful lot it's probably the same amount that a company would pay all recruiting a chief executive say a more personal but of course ridiculous by no means to fund the book why is it that the stories keep on emerging i think in all honesty. e.u. officials who really matter they all seem to care i mean they might say certain things but at the end of the day they are asking for more money year after year after year this time the e.u. commission is asking for a budget increase of six point eight percent for two thousand and thirteen taking

the total amount to one hundred thirty eight billion euros about twenty three million of which will go to the european personnel selection office or eps so in charge of selecting potential permanent staff selected candidates are then placed on a reserve list for about a year for much various e.u. institutions can choose if you keep people or is a list this list is only valid for a certain time off to which these people probably find jobs so where's the value added in that the cost of hiring people could be much higher we also need to select people on the broader. possible geographical bases so we need to make sure that people from all. we present it there is an additional cost for that she adds that in an exercise comparing the costs of each new hire in twenty nine international bodies including the world bank and the united nations episodes average cost per person is still lower but in this context. where

millions of jobless e.u. citizens are hanging by a thread critics say that no amount of justification is going to make this situation appear like taxpayers' money well spent yes or cilia r.t. brussels. part of starting with iraq let's get to the world update for you here on our triple blast of struck an outdoor pet market in eastern baghdad killing five wounding dozens the bombings took place in a poor shia neighborhood while it was crowded with shoppers markets are one of the favorite targets for militants now daily violence has dropped dramatically across iraq over the past five years but random attacks do continue. violence has engulfed a jail in honduras where armed inmates took control of the building and battled among themselves at least one person was killed and eleven injured when prisoners opened fire on each other in the city of san pedro sula some women were also held

hostage in a jail notorious for bloodshed and the clashes thirteen prisoners died there in march during an uprising honduran prisons are infamous for overcrowding and rioting . thirty four people have been killed after a bus overturned and crashed into a river in central vietnam it smashed through the rails of a bridge and plunged over the side of the bus was traveling from the central highlands to city in the south twenty one other people were injured. revolutions don't just bring freedom and human rights as egyptians are now finding out since last year's uprising the country has faced crisis chaos sunday crime wave of burglary and robbery he's going to go has the story from cairo. it's not just protests the disruptive peace on the streets of cairo just ask taxi driver.

it was calm before the revolution one hundred percent where in a total mess now i used to drive anywhere wherever the waters came from never refused a customer now i park my car in the garage at six pm and go home i could a special security system on it so it would be harder to steal. the robberies car thefts all have become part of a daily life in large cities like cairo and alexandria since after the revolution many people say the police at times simply choose to turn away when a crime is being committed. all hell broke loose after the uprising i know some who escaped from prison there are still stealing and looting the us guys who steal cars for them and then use those cars to deliver cocaine and hash to drug addicts. people see this was something unheard of before the arab spring and the mayhem that followed the uprising of january two thousand and eleven many believe thousands of

convicts escaped from unguarded prisons a crime wave has followed with egyptian media reporting more than twenty five hundred murders and some two thousand abductions since their revolution yet the police are accused of doing little or the police a lot of respect a lot of. the tools that they had to work with like the weapons the cars most of the egyptian people for that this police has been treating us like. for the last thirty years i would say for a long time maybe for six. this police is not looking to us we are the police and that's why in my opinion the minister charged with enforcing the law has a very different view saying the situation is under control. i want to set the

shot of you i told the members of the people's council look at the results we managed to achieve in record time i'm sure that no one could have done as much we had a total collapse of everything and stability was nonexistent i delivered all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we've made. in the meantime until come returns to egypt ibrahim and others will continue to close up shop early in his room before sunset fearful not only for their property and positions but for their safety and lives in cairo it goes go. straight to the business we go there dimitri once again thanks for coming and. we were talking a bit earlier about the issue of spain i understand it's one of the troubled economy is but now according to the numbers it's showing some gains this hour well yeah this is a paradox isn't it but the thing is that there's a media report that a ban could be introduced on short selling in spanish banks so therefore basically

a lot of investors see this as a good opportunity to bounce back because the financial sector has been hit really hard during those those past couple of weeks and we're seeing bank here as say up more than twenty percent and all together the spanish indexes up around point three percent driven by those financials whereas the footsie is now down one percent still worried actually about those spanish banks because moody's cut the ratings of sixteen of them including some down there whereas the frankfurt index of the dax is down just a quarter the. over here in russia things are looking much better than they did after the first the minutes of trade when both indices plunged more than three percent after a very sharp drop in the previous session and altogether a nine percent drop over this week but the my six is now close to opening values of closing values of the pretty. the assertion rather take a look at what's moving the my six most energy shares are still down but lukoil is

positive gazprom is almost where it was yesterday and fundamentals are half a percent on higher gold prices is burbank among financials is still low it was hit by seven percent drop in the previous session take a look at this graph we were just to see how the m i six has been performing over the past month there's a decline of twelve percent over those well i'd say around twenty sessions where there were a lot of holidays of course but all together twelve percent in one month is a very sharp drop in as you can see barely any rebound breathing forces now this is of course based on the what's happening on the commodities markets but we'll get to that later first of all the russian ruble is continuing to job around one percent to the buy currency basket of the euro and the dollar whereas the euro is still declining against the dollar. and on the commodities markets are not that much

support to the russian economy or the ruble as you can see their light sweet is just bouncing back ground eight cents well brant continues its decline towards the one hundred dollars per barrel mark. something to watch out for today is the first trading day of facebook it had a side in the previous session calculated at sixteen billion dollars which is valuing the company at one hundred and four billion whoever said one hundred billion is unjustified facebook was right one hundred four is the final price that we see because every share was value to around thirty eight dollars per share that was at the top of the price range and that's a windfall for a company that began just eight years ago now among facebook shareholders is russia's fund d.s.t. and its own a billionaire early show smart of daniel which explains how it might have made his way to the world's top social network. started building his facebook stake in two thousand and nine just as the global economy tanked and investors were pulling out

but social networks a wildly popular roster in fact thousands of private investors have bid to buy shares in the world's favorite websites so much so that the top brokers this film will miss out. we cannot guarantee our clients that they will definitely get facebook shares his demand is huge underwriters prefer a big institutional investors who will hold the shares for a long time meaning the price is more stable. investment terms t. and meldrew will mort that eight hundred million dollars was an absurd sum to pay for facebook's own proven concept but with the slight attracting five percent of all u.s. internet advertising the i.p.o. will now earn him billions yet the social networks fall from russia's only world beating online gamble so what's been the secret social gaming course on phones to ring russia than in the u.s. or europe russian developed farmville became facebook's most popular game while cut

the rope created by russia's it was a top download on the store and russia's one of the few countries to beat out facebook and google yandex is the number one search engine and facebook is less popular than local rivals v.k. now facebook rival twitter is being tipped to follow it and go public that signals another huge payday for russia because mail rooms also bought a large stake in twitter. facebook's take on the nasdaq would be f b headlines that activity. culture is that so much a month made me i'm going to make a lot of people carry on.